On Application Of Articles Of Association

It has been more than a century, since Investment Fund being birth. As a popular investment tool what is take effect in international financial markets ,it is developing in the all countries of the world. However, China's fund industry is still in the initial stage.It hasn't yet to reform the perfect fund management structure which effectively protect the interests of investors. Fund managers frequently infringed the rights and interests of the investors that caused people to doubt the credibility of the fund industry. Based on this, the existence and development of the fund industry is facing challenges that will seriously impede the further development of China's fund industry. Therefore, only for reform of the effective management structure of the Fund that we can balances all relevant parties and effectively protect the interests of investors. Under such circumstances, it's more practical and theoretical significance that go on further studying of investment fund management structure.The investment fund government structure is the legal system which refers to the fund correlation and the benefit assignment. The main goal of investment fund government structures is as follows. Firstly, the each kind of benefit conflict exists between the coordinated fund investor and the fund supervisor. Secondly, the investor provides the full benefit protection. According to the investment fund classification, it divides into two kind of types the government structures, including trust contract investment fund government structure as well as company investment fund. The true of the contract investment fund government structure is ownership of assets .In the development of the market economy, the right is use the results of phase separation custody. In the management framework of the company type fund, holder's conference and independent director have essential status. Because mainly adopt the agreement type administration structure in administration structure of investment funds of our country, after several years of development, We are easy to see because it has serious internal defect, and the regulatory system one is not complete, thus hindered fund industry's healthy, orderly development of our country . So, pass to two comparative study of planting different kinds investment fund . So the investment funds of our country should follow one's own characteristic and choose appropriate system model, internal system and supervision mechanism.